DA Davidson Expects Reduced Earnings for Miller Industries

Miller Industries, Inc. (NYSE:MLR) – Investment analysts at DA Davidson cut their FY2025 earnings estimates for shares of Miller Industries in a report issued on Monday, March 10th. DA Davidson analyst M. Shlisky now expects that the auto parts company will post earnings per share of $2.94 for the year, down from their prior forecast of $5.94. DA Davidson has a “Buy” rating and a $82.00 price objective on the stock. The consensus estimate for Miller Industries’ current full-year earnings is $5.68 per share.

Separately, StockNews.com lowered shares of Miller Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

Miller Industries Stock Down 1.3 %

MLR stock opened at $45.62 on Wednesday. The firm has a market cap of $521.85 million, a PE ratio of 7.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. The firm’s 50 day moving average price is $62.29 and its 200-day moving average price is $64.55. Miller Industries has a one year low of $41.38 and a one year high of $78.25.

Institutional Trading of Miller Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Sovereign s Capital Management LLC acquired a new stake in Miller Industries in the 4th quarter valued at approximately $1,132,000. Squarepoint Ops LLC increased its holdings in Miller Industries by 11.8% in the 4th quarter. Squarepoint Ops LLC now owns 21,534 shares of the auto parts company’s stock valued at $1,407,000 after purchasing an additional 2,273 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Miller Industries by 79.7% in the 4th quarter. Two Sigma Advisers LP now owns 12,400 shares of the auto parts company’s stock valued at $810,000 after purchasing an additional 5,500 shares during the last quarter. Two Sigma Investments LP increased its holdings in Miller Industries by 186.9% in the 4th quarter. Two Sigma Investments LP now owns 13,340 shares of the auto parts company’s stock valued at $872,000 after purchasing an additional 8,691 shares during the last quarter. Finally, Systematic Financial Management LP increased its holdings in Miller Industries by 2.0% in the 4th quarter. Systematic Financial Management LP now owns 403,191 shares of the auto parts company’s stock valued at $26,353,000 after purchasing an additional 8,032 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.75%. The ex-dividend date is Monday, March 17th. This is an increase from Miller Industries’s previous quarterly dividend of $0.19. Miller Industries’s dividend payout ratio (DPR) is 14.57%.

About Miller Industries

Miller Industries, Inc, together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.